12,050 Shares in Allegion plc (NYSE:ALLE) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. bought a new position in Allegion plc (NYSE:ALLE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,050 shares of the scientific and technical instruments company’s stock, valued at approximately $1,575,000.

A number of other hedge funds have also bought and sold shares of ALLE. Lord Abbett & CO. LLC increased its holdings in Allegion by 96.8% during the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after buying an additional 823,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Allegion by 397.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock valued at $88,450,000 after acquiring an additional 484,995 shares during the period. International Assets Investment Management LLC bought a new position in shares of Allegion during the 3rd quarter worth $666,840,000. Massachusetts Financial Services Co. MA increased its holdings in Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after acquiring an additional 232,395 shares during the last quarter. Finally, FMR LLC raised its stake in Allegion by 231.9% in the 3rd quarter. FMR LLC now owns 290,466 shares of the scientific and technical instruments company’s stock valued at $42,333,000 after acquiring an additional 202,957 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Insider Activity at Allegion

In other news, CEO John H. Stone bought 7,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Allegion Trading Up 0.2 %

Shares of ALLE opened at $129.27 on Friday. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $133.64 and its 200-day moving average price is $137.48. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 3.28 and a beta of 1.11.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays dropped their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley assumed coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price objective on the stock. Finally, Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Allegion Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.